Udyam Registration In Mumbai

Udyog Aadhar registration in Mumbai is a completely online process and aims to boost SMEs. Businesses don't need to obtain Udyog Aadhar registration. The entities are mentioned below are the micro, small or medium enterprises as per the table below basing the investment in plant and machinery is eligible for Udyog Aadhar Registration in Mumbai.

Classification of industry Manufacturing Sector
Micro Enterprises Up to Rs.25 Lakhs in plant and machinery
Small Enterprises Up to Rs. 5 crore investment in plant and machinery
Medium Enterprises Up to Rs.10 crore investment in plant and machinery

What are the objectives of the Micro, Small, and Medium Enterprises?

As the process has been merged with the Udyog Aadhar Registration in Mumbai and the application has been made online. Here are the objectives of the Micro, Small, and Medium enterprises.

  • To allow the Micro, Small, and Medium Enterprises to compete with the international competition efficiently;
  • To promote the growth of micro, small, and medium enterprises on a large scale to tackle the widespread problems of unemployment and poverty.
  • To extend the benefits of various government schemes at one stop to the SSI units
  • To safeguard the Small scale industries from the financial harassment in the hands of big industries.

Benefits of getting Udyog Aadhar registration in Mumbai

Udyog Aadhar Registration in Mumbai has simplified the process of registering businesses under the MSMEs but there are also some additional benefits of the Udyog Aadhar registrations.

  • Bank Loans can be availed at a lower rate of interest, in some cases the loans are granted without any collateral or mortgage.
  • The applicant can also avail of various government subsidies
  • The applicant gets financial support for participating in foreign expos to showcase the products
  • The cost of setting up a business or patenting is also reduced considerably due to the Udyog Aadhar Registrations.
  • There are various tax rebates and exemptions for the small and medium-size enterprises that have a Udyog Aadhar Registration
  • Tariff subsidies can be availed with the capital and government subsidies
  • License, approvals, and registration become easier with Udyog Aadhar registration.

Udyam Registration In Mumbai FAQ's

With a maximum of Rs. 5 crore investment in equipment, any service sector entity can apply for Udyog Aadhar registration in Mumbai.

Yes, to obtain Udyog Aadhar registration in Mumbai it is necessary to have a valid PAN card and GST registration.

No, traders cannot get Udyog Aadhar registration.

No, only a single Udyog registration can be obtained using the same PAN card.

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